Important Close Today, Are The Bulls Ready?
Momentum has certainly shifted in the bulls favor. A divergence on the weekly charts was spotted along with a double bottom showing itself as well. A close above 49.01 tonight will be a big indicator to those watching and will likely yield a nice push to the upside.
Note
I said weekly char and meant daily lol, sorry about that! we now have another divergence on the daily that has formed. I believe this is good for the bulls' momentum as it will pull the rsi down a little, retest the bottom of the channel ( grey line ) and take another shot to the upside, in my humble opinion anyway :)
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